Here's what crisis expert Michael Bilello, President and CEO at Centurion Strategies, has to say about Lance's options:

“He doesn’t have a whole lot of options in terms of how he handles the scandal and whatever he does moving forward won’t rebuild that lost legacy.

“The only reason that people will forgive him after even all this is that even though he ‘cheated the game’ when you think of the things that went parallel with his career like the Livestrong Foundation, I would say that people would forgive and let him ride off into the sunset. If someone is doing right when they’re doing wrong then we tend to forgive them anyway. It’s the ones that continue to do wrong and have bad character that we vilify.

“He will go away and be fine, he has nothing else to say – his story has been written.”

That is, if it's his plan to go away. We get the feeling he wants to compete again — and if that's the case, we can't see people ever trusting or forgiving him.

Though, we do think the ends of cancer charity is more important than who is doing it. We need all the help we can get!

This isn't the first time the 39-year-old's figure has caused controversy. As we reported in January, the American Pie stunner was accused of using Photoshop to make her already narrow waist even smaller.

Reid has admitted to getting plastic surgery in the past to make changes to her abdominal area and breasts -- but the actress asserts that she naturally has a lean shape.